A total of $260 million (roughly Rs. 2,074 crore) has collectively been bagged by high-end luxury brands including Nike, Gucci, Dolce & Gabbana with the sales of their NFT pieces. NFTs or non-fungible tokens are digital collectibles that are built on blockchain networks, inspired by real-life stuff like clothes and…
OpenSea, the online marketplace for non-fungible tokens (NFTs), is making amendments to its policies to safeguard its users against the thefts of digital collectibles. The platform has decided to involve police officials in theft cases of all magnitudes, rather than only on cases with escalated disputes. The company has also…
Crypto exchange Binance has announced it will trial non-fungible token (NFT) tickets for an Italian football club, Lazio, for the 2022/2023 season. The concept of NFT tickets is expected to provide a solution to the challenges of traditional ticketing by solving inefficiencies like counterfeiting, and scalping among others. It is…
Ethereum layer-2 scaling solution Polygon is one of six companies that will take part in Disney’s accelerator program this year. The program will see Disney provide guidance from its leadership team and offer a dedicated mentor. Each participant will also attend a Demo Day at Walt Disney Studios in Burbank,…
Non-fungible token (NFT) and crypto projects that were formerly on Terra have begun migrating to Ethereum Layer 2 protocol Polygon. According to Polygon Studios CEO Ryan Wyatt, over 48 crypto and NFT projects have begun migrating from Terra to Polygon with some notable projects moving over including popular NFT marketplace…
After a public crackdown by the Chinese government on anything that has to do with cryptocurrency, one of China’s most popular instant messaging and calling apps in WeChat has now banned crypto-related accounts on its platform. As suggested by reports, accounts that issue, trade, and finance crypto and non-fungible tokens…
Meta founder Mark Zuckerberg addressed creators on Wednesday announcing that the parent company of Facebook and Instagram will begin testing the display of non-fungible tokens (NFTs) on Instagram Stories using its augmented reality platform named Spark AR. After launching an initial test of NFT display options on Instagram back in…
Tag Heuer watch brand is taking a new step in its Web3 exploration. The Swiss Luxury watch label will now let its users set non-fungible tokens (NFTs) as a watchface. The feature will be enabled in Tag Heuer’s ‘Connected Calibre E4′ smartwatch. Metamask, an NFT-storing wallet service provider, has been…
Indonesian cryptocurrency exchange, Pintu has raised $113 million (roughly Rs. 878 crore) in its Series B funding round. Intudo Ventures, Pantera Capital, and Northstar Group all participated in the funding round with previous investor Lightspeed Venture Partners also participating in the round. With the new infusion of capital, the start-up…
Apple in the lead up to its annual Worldwide Developers Conference (WWDC), where the tech giant usually likes to build up excitement for its upcoming suite of software releases, has introduced collectable trading cards as an easter egg of sorts, fuelling speculation about its intention to launch non-fungible tokens (NFTs)…
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